Yesterday, on my new radio show (available via Live Audio Streaming at DickMorris.com every Mon-Fri from 2-6 PM and on WPHT 1210 AM Philadelphia), I interviewed author David Stockman about his new book — The Great Deformation. We discussed the likelihood of a major new economic crash, one that would eclipse all previous downturns.

His views are very, very different from the mainstream dribble we get these days from the Fed and Treasury and are, in my view, far more reflective of the grim reality.